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PML 38146 Exploration Well - Momoho 1 (Offshore Taranaki Basin, New Zealand)

ASX/Media Releases

12 Aug 2008

Origin Energy Resources (Kupe) Limited, on behalf of the Kupe Joint Venture, advises that at 2.00pm EST on 7 August, suitable weather conditions prevailed and the ENSCO 107 jack-up rig was released.

Partners in the Kupe permit PML38146 are:

Origin Energy Resources (Kupe) Limited* (Operator) 50%
Wholly owned subsidiaries of Genesis Energy 31%
New Zealand Oil & Gas Limited (through its subsidiaries: National Petroleum Ltd. 12.75%, Petroleum Equities Ltd. and Nephrite Enterprises Ltd. 1.00%) 15%
Mitsui E&P Australia Pty Ltd 4%

*a wholly owned subsidiary of Origin Energy Limited

For further information please contact:
Media – New Zealand:
Rory Newsam
Tel: +64 460 2386
Mobile: +64 27 295 3809

Investors:
Angus Guthrie, Manager Investor Relations
Origin Energy
Tel: +61 2 8345 5558
Mobile: +61 417 864 255
Email: angus.guthrie@originenergy.com.au